Today’s Chart of the Day from OliverWyman shows the number of new funds being created each year in the U.S. since 2016. Exchange Traded Funds (ETFs), which are light blue in the chart, continue to dominate, going from only 41% in 2016 to 70% in 2022. The increase is in response to investors realizing that ETFs have a superior structure vs. mutual funds.
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.